529 Account Basics: Knowing the Pros and Cons

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529 accounts are a great way to save money for your child's college education. Before getting involved in a 529 plan you should know the pros and cons that are involved. Learn about them in this presentation from Mullooly Asset Management.

http://www.mullooly.net/529-plans-know-the-pros-and-cons-involved/5307

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529 Account Basics: Knowing the Pros and Cons

  1. 1. Mullooly Asset Management Podcast January 30, 2013Mullooly Asset Management January 2013
  2. 2. Pros of 529 AccountsOne consolidated accountSome tax benefits (if child attends school in state)Withdrawn money excluded from income to extent of qualified higher education expenses. Mullooly Asset Management January 2013
  3. 3. Cons of 529 AccountsInvestments often loaded with feesLimited investment optionsLimited ability to make changesWithdrawn earnings subject to tax and 10% penalty (if not used for qualifying expenses) Mullooly Asset Management January 2013
  4. 4. None of the securities mentioned in this (or any) podcast orvideo represent past specific recommendations of MulloolyAsset Management.This video is NOT a recommendation to buy or sell any ofthe securities mentioned here.If you’re relying on a podcast for investment advice, you arelikely making a huge mistake.We strongly urge our listeners to consult with theirinvestment advisor before they make a decision to buy orsell any investment. Mullooly Asset Management January 2013
  5. 5. Mullooly Asset Management, LLC support (at) mullooly (dot) net 732-223-9000 www.mullooly.net Mullooly Asset Management January 2013
  6. 6. Mullooly Asset Management, LLC support (at) mullooly (dot) net 732-223-9000 www.mullooly.net Mullooly Asset Management January 2013

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